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92 2 Bedroom Apartments for rent in Lakewood, OH

Last updated July 18 at 7:40pm UTC
2111 Mckinley Ave
Lakewood
Lakewood, OH
Updated July 17 at 11:07pm UTC
2 Bedrooms
$1,175
13834 Clifton Blvd
Lakewood
Lakewood, OH
Updated July 12 at 10:51pm UTC
2 Bedrooms
$1,380
12203 Detroit Ave
Rockport Square
Lakewood, OH
Updated June 15 at 9:47am UTC
2 Bedrooms
$2,200
2236 West 104th St
Cudell
Cleveland, OH
Updated July 4 at 2:27am UTC
2 Bedrooms
$585
Results within 1 miles of Lakewood, OH
Results within 5 miles of Lakewood, OH
6113 Lawn Ave
Detroit - Shoreway
Cleveland, OH
Updated July 18 at 6:48pm UTC
2 Bedrooms
$850
3002 Franklin Blvd
Ohio City
Cleveland, OH
Updated July 18 at 6:48pm UTC
2 Bedrooms
$2,400
2040 Halstead Ave
Lakewood
Lakewood, OH
Updated July 14 at 9:17am UTC
2 Bedrooms
$695
1203 Granger Ave
West End
Lakewood, OH
Updated July 12 at 1:12am UTC
2 Bedrooms
$749
17920 Detroit Ave
West End
Lakewood, OH
Updated July 3 at 7:25pm UTC
2 Bedrooms
$765
1458 W 114th St
Edgewater
Cleveland, OH
Updated July 12 at 5:13pm UTC
2 Bedrooms
$665
1934 W 57th St
Detroit - Shoreway
Cleveland, OH
Updated July 18 at 5:37pm UTC
2 Bedrooms
$1,300
10317 Ignatius Ave
West Boulevard
Cleveland, OH
Updated July 18 at 5:37pm UTC
2 Bedrooms
$725
3675 Clague Rd
North Olmsted
North Olmsted, OH
Updated July 18 at 5:34pm UTC
2 Bedrooms
$750

July 2018 Lakewood Rent Report

Welcome to the July 2018 Lakewood Rent Report. Lakewood rents increased over the past month. In this report, we'll evaluate trends in the Lakewood rental market, including comparisons to cities throughout the state and nation.

View full Lakewood Rent Report
Rent Report
Lakewood

July 2018 Lakewood Rent Report

Welcome to the July 2018 Lakewood Rent Report. Lakewood rents increased over the past month. In this report, we'll evaluate trends in the Lakewood rental market, including comparisons to cities throughout the state and nation.

Lakewood rents increased significantly over the past month

Lakewood rents have increased 0.5% over the past month, and have increased moderately by 2.7% in comparison to the same time last year. Currently, median rents in Lakewood stand at $670 for a one-bedroom apartment and $830 for a two-bedroom. This is the fourth straight month that the city has seen rent increases after a decline in February. Lakewood's year-over-year rent growth leads the state average of 1.0%, as well as the national average of 1.4%.

Rents rising across cities in Ohio

Throughout the past year, rent increases have been occurring not just in the city of Lakewood, but across the entire state. Of the largest 10 cities that we have data for in Ohio, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.0% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Dublin is the most expensive of all Ohio's major cities, with a median two-bedroom rent of $1,150; of the 10 largest cities in the state that we have data for, Cleveland, where a two-bedroom goes for $780, is the only major city to see rents fall year-over-year (-1.5%).
  • Fairfield, Lakewood, and Toledo have all experienced year-over-year growth above the state average (2.9%, 2.7%, and 2.1%, respectively).

Lakewood rents more affordable than many large cities nationwide

As rents have increased moderately in Lakewood, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Lakewood is still more affordable than most large cities across the country.

  • Lakewood's median two-bedroom rent of $830 is below the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 2.7% increase in Lakewood.
  • While Lakewood's rents rose moderately over the past year, some cities nationwide saw decreases, including Seattle (-2.0%) and Minneapolis (-0.1%).
  • Renters will find more reasonable prices in Lakewood than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than three-and-a-half times the price in Lakewood.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.